Guideline Value for PONNUSAMY NAGAR

Ponnusamy Nagar guideline value

The current guideline value of Ponnusamy Nagar is Rs 1,760 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this street is Mixed Special Type - III.

How the guideline value of Ponnusamy Nagar has changed

The guideline value for Ponnusamy Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 saw another increase to Rs 1,760 per sq.ft, reflecting a change of 10% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes between the revisions indicate a substantial increase, particularly between 2017 and 2023, where the value rose by 49%.

Guideline values in Kunrathour-B

In Kunrathour-B, the guideline values for 2024 range from Rs 660 to Rs 5,130 per sq.ft across 325 streets, with a median value of Rs 1,540 per sq.ft. The guideline value for Ponnusamy Nagar is above this median, indicating a relatively higher valuation within the village.

• Police Quarters: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Mega Nagar: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Nagar phase I: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co - Op Nagar Phase II: Rs 1,210 per sq.ft (2024)
• P.J.N. Nagar: Rs 1,540 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnusamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property transaction.

Which Sub Registrar Office covers Ponnusamy Nagar?

The Sub Registrar Office that covers Ponnusamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that both parties are adequately informed of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Ponnusamy Nagar?

The current guideline value of Ponnusamy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024.

What is the land classification of Ponnusamy Nagar?

Ponnusamy Nagar is classified as Mixed Special Type - III according to the land classification records.

What are the stamp duty and registration fees for a property in Ponnusamy Nagar?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.